A perfect storm of private sector profiteering, reckless production practices, environmental destruction, and underinvestment in medical research has made global pandemics more common, and undermined our capacity to deal with them.
The following statement by the International Marxist Tendency explains how capitalism has utterly failed to deal with the coronavirus crisis, and is putting the lives of millions of people at risk.
The COVID-19 pandemic has plunged American society into panic. With confirmed cases and the death toll rising by the hour, capitalism has already proved incapable of dealing with this crisis.
The new coronavirus has set in motion a chain reaction, which is upending any semblance of stability in one country after another. All of the contradictions of the capitalist system are coming crashing to the […]
The coronavirus crisis in Italy is the most severe of Europe. This shows the chronic failures of the government, whose response has been totally inadequate.
Rather than inform the public and protect public health, the Italian government enacted inefficient measures, caused panic, and suppressed the labor movement.
The coronavirus outbreak triggered the biggest wave of stock market losses since 2008. Markets are worried that the virus will have a serious impact on an already weak world economy.
Over a century and a half after Marx predicted the concentration of wealth into fewer and fewer hands, this tendency of the capitalist system continues to play out.
The spread of coronavirus throughout China is beginning to have serious political repercussions for the regime, and Xi Jinping is struggling to keep the lid down.
The IMT recently interviewed Leonid Shaidurov, a 17-year-old activist who has played a leading role in the School Strikes for Climate movement in Russia.
The climate crisis continues to disrupt life as we know it. Humanity’s food supply is under threat, but capitalism won’t undertake climate repair if it is not profitable.
“If it ain’t Boeing, I ain’t going.” Up until recently, this was the slogan many pilots and passengers had adopted when boarding an aircraft. How times have changed!